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Dáil

Ceisteanna—Questions. Oral Answers. - Income-Tax Relief on House Property.

asked the Minister for Finance if he will undertake to give consideration to granting relief from income-tax on house property to low wage earners who, aided by State grants, have purchased houses on a deferred payment system.

Comment on this
Patrick McGilligan Minister for Finance (Mr. McGilligan) Fine Gael

No. In the type of case mentioned by the Deputy, relief is allowed for income-tax purposes under the existing law in respect of the interest element in the annual payments. This relief, and the various personal allowances, combine to exempt from income-tax many of the low wage earners who have purchased their houses on a deferred payment system.

Comment on this

Most of those people are already under very grave hardship, and would the Minister be prepared to meet a deputation led by the Deputy in question to discuss the matter?

Comment on this

The only alternative I would have is to build houses for the people and give them something to carry on.

Comment on this

The people are under the impression that the Government is building houses for them, until they get them, when they wake up to the fact——

Comment on this

They find that they have to pay something. That is a useful awakening.

Comment on this

They find that they have to pay more.

Comment on this

Most low wage earners are exempt.

Comment on this